UMB Financial (NASDAQ:UMBF) Announces Earnings Results

UMB Financial (NASDAQ:UMBF) released its quarterly earnings results on Tuesday. The bank reported $2.16 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.15, Briefing.com reports. The firm had revenue of $390.03 million for the quarter, compared to analysts’ expectations of $384.96 million. UMB Financial had a net margin of 14.59% and a return on equity of 14.30%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.93 earnings per share.

UMB Financial Stock Performance

Shares of UMBF traded up $1.92 during trading hours on Wednesday, hitting $100.97. The stock had a trading volume of 69,208 shares, compared to its average volume of 344,996. The stock has a fifty day moving average price of $85.52 and a 200 day moving average price of $83.15. UMB Financial has a 12 month low of $57.91 and a 12 month high of $102.49. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $4.92 billion, a PE ratio of 13.15 and a beta of 0.80.

Wall Street Analysts Forecast Growth

UMBF has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised shares of UMB Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $93.00 to $98.00 in a report on Friday, May 31st. Wells Fargo & Company upped their price target on shares of UMB Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 30th. Finally, Barclays upped their price target on shares of UMB Financial from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, June 24th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $93.67.

Insider Buying and Selling at UMB Financial

In other news, CEO J Mariner Kemper sold 2,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $81.39, for a total value of $162,780.00. Following the transaction, the chief executive officer now directly owns 1,698,104 shares in the company, valued at $138,208,684.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 20,650 shares of company stock valued at $1,723,425. Company insiders own 8.85% of the company’s stock.

UMB Financial Company Profile

UMB Financial Corporation operates as the bank holding company that provides banking services and asset servicing in the United States and internationally. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing; letters of credit; loan syndication, and consultative service; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service.